Nvidia, Palantir and Wall Street
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Target names a new CEO and posts quarterly earnings that beat analysts’ forecasts, while Palantir extends losses into a sixth-straight session.
This AI infrastructure play has delivered bigger gains than its larger peers since going public earlier this year.
Wall Street ended lower on more declines in technology stocks, but the market pared its losses in the afternoon.
The sudden reversal shows how the hottest AI trade and top-performing stock of the year is colliding with a broader market rotation out of big tech.
Palantir stock sinks below a key technical level, extending a steep two-day drop. History suggests buying the dip could pay off—big.
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Nvidia And Intel Lead Tech Stock Drop As White House Reportedly Seeks Equity For CHIPS Grants
Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.
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Futurism on MSNAI Industry Trembles as Nvidia's Stock Nosedives
Shares of AI chipmaker Nvidia plunged on Wednesday, dropping by over two percent in early trading. A major tech selloff caused major players in the AI industry to lose out big. Nvidia, in particular,